Things to Consider Before You Get that Used Car
Are you a person who has recently gotten his or her driver’s license? You still feel euphoric over having passed that driving test that you took a week ago. Because of your driver’s license you finally have the right to buy a car. Now you will be able to do what you have been planning to do when you get your car. You imagine yourself running errands to town in your car. You even imagine going on an out of town trip with it. For you it is simply very convenient to have you own car.
Since this is the first time that you will be buying a car then you think that a used car might fit the bill for you already. You see it as a logical purchase for you since a used car will be running of course. You also don’t want to blow your savings on a brand new car. You think that you will get on by with just a used car. You may have even seen some used cars in some car dealer shops already. But before you pay them do yourself a favour and think about the following three things first.
The first thing that you have to consider is that used cars will not cost much when you resell it. What this means is that there is not much money for you to make should you decide to sell your used car. So it is guaranteed that you will lose money you paid for it initially. When you decide to sell it even after just a year you will be surprised at how low its resale value is.
The next thing that you need to consider are the hidden costs that come with purchasing a used car. Car dealers usually make more money from these hidden costs even from used cars that they are selling. This will be all the more true when you avail of their in-house financing to pay for the used car. This is the reason why there are some who opt to pay the full amount in cash to avoid the hidden costs.
The last thing that you need to consider is that the cost of using a used car is high. The reason for this is its low fuel efficiency. Since you don’t have knowledge about its previous owner then you may not know also how it was handled by that owner. But you can be sure that it is not fuel efficient anymore. Also you cannot expect a used car to run smoothly. This is because it may have been driven for many miles already. Thus you will find yourself going to the fuel station more.
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